Before we look at the question that serves as the title of this post, we should explain some things about living trusts. First, you should understand the fact that you do not lose direct personal control of assets that you convey into a living … [Read more...] about Are Living Trust Distributions Taxable?
Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions … [Read more...] about Application of the Updated Life Expectancy Tables
Most people do not have estate plans in place, and one of the underlying reasons is the assumption that estate planning involves one simple act. You draw up a will at some point when you are old and gray, and you have taken care of the … [Read more...] about Why Would You Use a Trust Instead of a Will?
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these … [Read more...] about The Importance of Insuring Real Estate
The New Year gives us an opportunity to start fresh. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your goals and concerns. If you already have one, the New Year gives … [Read more...] about Start 2022 the Right Way
There is a training exercise that is used to demonstrate the way that information can get distorted if it changes as it is passed down along the line. The facilitator will whisper a brief anecdote in the first person’s ear, and it is passed along … [Read more...] about Do You Avoid Probate If You Have a Will?